Italy to add drug trafficking, prostitution to GDP figures - page 2.

Ekaros

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Quote from: Ron~Popeil on May 26, 2014, 01:59:05 AM

Just like the unemployment figures here in the US. We only count people that are actively seeking work and don't count those that have given up. Then our politicians take turns patting themselves on the back for their cooked numbers while real employment and wages plummet.

Here we put part of population to early retirement, other part is either on courses to activate in job searching and then a group is in "Work trial", which is basicly 9€ per work day payment they get in addition to unemployment benefits...

Doing well, "50k" employment oportunities available (including phonesalesman for proviosion and other such where empoyee carries the risks) and 450k unemployed... Not that positive outlook...

Ron~Popeil

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Just like the unemployment figures here in the US. We only count people that are actively seeking work and don't count those that have given up. Then our politicians take turns patting themselves on the back for their cooked numbers while real employment and wages plummet.

Lethn

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Quote from: Jcw188 on May 25, 2014, 04:11:31 PM

I feel it like zerohedge does. The wealthy are doing anything to make it look like the economies are all recovering and prospering. Politicians see it as wow we don't have to actually improve the economy we can just push some paper and buttons on a calculator to make the economy "grow"

You're right, this is an attempt to fix numbers and nothing else guys, you know we've had a tactic in the UK and other countries for dealing with unemployment? What governments do is either get them to leave or they park them in 'employment' agencies long enough that it makes the report look good and then they dump the problem on the next party to get elected so they can claim credit for 'fixing' the economy and the stupid part is, people keep falling for it.

bryant.coleman

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Here is the reason why the Italian government is so desperate to inflate the GDP.

thehun

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Quote from: El Cabron on May 25, 2014, 05:42:34 PM

spain has done this since jan, do you not read your reports?

True, but that is not the first manipulation of Spanish GDP. It is to be noted that after a decline of 17.67% (from 20.356 million to 16.758 million) of the workforce since the ATH of 2007 until recent low of 2013 the GDP only shrank 7% (from 1.441.426 mill to 1.340.266). Did productivity really increase so much since then??

Some people estimate that the real Spanish GDP is about 20% lower than the official one. Of course admitting this would mean that the national debt is not 112% but an even more scandalous 140% of the GDP.

bryant.coleman

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Quote from: bitsmichel on May 25, 2014, 04:15:30 PM

This statistical manipulation indicates the current state of Italy, I wouldnt say this is a positive development

Definitely it is not a positive development. The Italian government just wants to fool its citizens, by inflating the GDP figures. If they are serious, then they should go after the mafia.. but right now they lack the balls to do that.

El Cabron

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spain has done this since jan, do you not read your reports?

aysha9822

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I wonder if America adds the illegal activities to its GDP figures, How much its GDP could increase.

bitsmichel

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This statistical manipulation indicates the current state of Italy, I wouldnt say this is a positive development

Jcw188

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Carpe Diem

I feel it like zerohedge does. The wealthy are doing anything to make it look like the economies are all recovering and prospering. Politicians see it as wow we don't have to actually improve the economy we can just push some paper and buttons on a calculator to make the economy "grow"

bryant.coleman

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Not much surprising. The Italian mafia is continuously spreading to the far away corners of the world, while maintaining their positions in the strongholds such as Italy and NY. In Italy itself, the mafia turnover is estimated to be somewhere around $150-200 billion USD every year.

snarlpill

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Wow that's pretty wild. It looks like they had to do the math to get those figures anyway, as required by the EU? It said it would add up to 2% to their country's GDP. I guess that IS still money going into the country, lol, just maybe not going to the Italian government (or maybe a cut is Wink

). Interesting either way...

Balthazar

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http://rt.com/news/161140-italy-drugs-prostitution-economy/

If Mexico and Columbia adopted this accounting model they would lead the world's ecomomies. Unless China placed a value on all the intellectual property it steals, in which case it would outstrip everyone. Cheesy

Topic: Italy to add drug trafficking, prostitution to GDP figures - page 2. (Read 1781 times)